South Grant Water Corporation Inc
- Assets
- $5.3m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 16
- Location
- Bentley, LA
- Founding
- 03/1974
- Data as of
- 12/2023
- EIN
- 23-7330046
Organization Overview
South Grant Water Corporation Inc is located in Bentley, LA. The organization was established in 1974. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, South Grant Water Corporation Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Grant Water Corporation Inc is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2023, South Grant Water Corporation Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. While expenses have increased by 5.8% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRODUCTION AND DISTRIBUTION OF WATER FOR INDIVIDUAL USE AND CONSUMPTION
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRODUCTION AND DISTRIBUTION OF WATER FOR INDIVIDUAL USE AND CONSUMPTION
PURCHASE OF SOUTHEAST GRANT WATER SYSTEM
COMMUNITY WATER ENRICHMENT FUND GRANT AWARDED BY GRANT PARISH POLICE JURY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Guy Hedrick Direct0r | Trustee | 1 | $1,000 |
Micah Murrell Director | Trustee | 1 | $1,100 |
William Smith Director | Trustee | 1 | $1,200 |
Randy Browning Director | Trustee | 1 | $400 |
Gary Edwards Vice President | Trustee | 1 | $1,200 |
Natalie Maxey Director | Trustee | 1 | $1,300 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,273,483 |
| Investment income | $1,192 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,403,197 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $90,477 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $295,587 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $98,670 |
| Payroll taxes | $28,864 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,129 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,360 |
| Advertising and promotion | $0 |
| Office expenses | $53,138 |
| Information technology | $12,544 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $96,069 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $187,298 |
| Insurance | $28,783 |
| All other expenses | $48,202 |
| Total functional expenses | $1,261,104 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $257,397 |
| Savings and temporary cash investments | $593,540 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $98,343 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $32,509 |
| Prepaid expenses and deferred charges | $19,034 |
| Net Land, buildings, and equipment | $4,338,211 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,867 |
| Total assets | $5,348,901 |
| Accounts payable and accrued expenses | $41,163 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,160,411 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $130,157 |
| Total liabilities | $3,331,731 |
| Net assets without donor restrictions | $2,017,170 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,348,901 |